Or at least, "Not yet".
Here's what I said on Friday Dec. 28:
See the Question Mark in the headline? It's a sign the writer is either gutless or clueless.Here's what MarketBeat said this afternoon:
Every single time.
I try to avoid them.
Except when I'm clueless.
And gutless.
This ramble was sparked by a look at the chart, with the all-time high price paid for AMZN being $263.11 on December 18th and the all-time closing high at $261.50 on the 20th.
The stock is currently at $246.32.
Here's the one month chart via Yahoo:
The chart analysis is probably just a Rorschach of my current mood; I see a head-and-shoulders and a bunny...
...getting eaten by a python and....
Amazon Shares Hit Fresh High on Morgan Stanley Upgrade
Shares of Amazon.com Inc. hit fresh all-time highs Monday after a Morgan Stanley upgrade boosted sentiment surrounding the online retailer.
Th firm cited Amazon’s growing network used to fulfill orders on the retail site, and raised estimates for 2016 sales to $166 billion from $145 billion. That will come as Amazon’s share of global merchandise volume, or total sales, will rise to 23.5% by 2016 from 14% last year, the firm wrote.
It’s been quite a ride for Amazon, which continues to get the benefit of the doubt from investors, even after posting wider than expected losses in the third quarter. It took the company a decade to top its dot-com high of $106, but since cresting over that number in late 2009, the stock has been on positive tear (the only major hiccup came late in 2011)....To Continue Reading Subscribe$268.40 up $9.25.
